equity loan charge off

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I have recently been notified that Washington Mutual is charging off my equity loan for being 150 days overdue which I contest isn't accurate. They suggested they were open to setting up a payment plan but only offered full payment or short sell my home. Not sure if anyone else has encountered this problem with WAMU or another mortgage lender. Any ideas?



How many days do you contend the loan is overdue?


what is the balance?

Many heloc lenders are taking ten cents on the dollar for underwater helocs


90 days overdue - the balance they are offering is 55% of what I owe but must be a full payment


what is the balance?

Most of us non deadbeats would be thrilled to get 45 percent off our debts to make a lump sum payment


I glad you list me as a deadbeat, like yourself, I have offered to pay what I owe, and have made payments to make current my loan, trust me if I had access to $27,200 I would take them up on their offer.




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